Tax Rates & Bands
Standard Tax Code
810L
£8,105 Allowance on earnings < £100k p.a.
Income Tax Rates Between
0-34,370
@ 20%
Over
34,371
@ 40%
Between
100,000 – 150,000
@ 40% reducing personal allowances
Over
150,000
@ 50% no allowances
Statutory Payments
SSP 28 Weeks
£85.85 per week
£17.17 per day (5 day week)
SMP/SAP 39 Weeks
6 wks @ 90% AWE
33 wks @ £135.45 or AWE if less
SPP 1 or 2 wks
@ £135.45 or AWE if less
Small Employer Threshold
Less than £45,000 previous
Recover 100% +3.00% comp
Recover if not Sm Employer
Only on SMP/SPP/SAP
92%
National Minimum Wage
NMW Per Hr
Oct-2011
Oct-2012
16-17
3.68
3.68
18-20
4.98
4.98
21 and above
6.19
6.19
Apprentice
2.60
2.65
NIC Earnings Table
Per Week
Per Month
Per Annum
Ees
Ers
Lower Earnings Limit (LEL)
107.00
464.00
5,564
Nil
Nil
Secondary Threshold (ST)
144.00
624.00
7,488.00
0%
13.8%
Primary Threshold (ST)
146.00
634.00
7,605.00
12.0%
13.8%
Upper Accrual Point (UAP)
770.00
3,337.00
40,040.00
12.00%
13.8%
Above Upper Earnings Limit (UEL)
817.00
3,540.00
42,475.00
2.00%
13.8%
Other rates
Statutory Redundancy maximum 20 weeks
01/02/2013 £450.00 per week
Student Loan earnings above
£15,795 9% Deduction
Childcare Vouchers (Salary Sacrifice)
Maximum £243.00pcm (55.00 pw) 20%
Maximum £124.00pcm (28.00 pw) 40%
Maximum £97.00pcm (22.00pw) 50%
Maximum £124.00pcm (28.00 pw) 40%
Maximum £97.00pcm (22.00pw) 50%
Employee Vehicle Mileage Payments for business travel
Motor Cars and Vans
First 10,000 business miles*
45p per mile
Over 10,000 business miles
25p per mile
Motorcycles
24p per mile
Cycles
20p per mile
* For NIC purposes, the higher rate applies to all miles, not only the first 10,000.